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H&R Block 2013 Form 10-K 97
Year ended April 30, 2012
H&R Block, Inc.
(Guarantor)
Block Financial
(Issuer)
Other
Subsidiaries Eliminations
Consolidated
H&R Block
Net cash provided by operating activities: $ 33,046 $ 15,144 $ 313,859 $ — $ 362,049
Cash flows from investing:
Purchases of AFS securities — (256,173) — — (256,173)
Maturities and payments received on AFS
securities — 63,291 3,091 —66,382
Mortgage loans held for investment, net — 49,142 — — 49,142
Purchases of property & equipment — (153) (82,304) — (82,457)
Payments for business acquisitions, net — — (15,258) — (15,258)
Proceeds from sales of businesses, net — — 560,499 — 560,499
Loans made to franchisees — (46,246) — — (46,246)
Repayments from franchisees — 56,591 — — 56,591
Net intercompany advances 344,000 — — (344,000) —
Other, net — 11,785 7,602 —19,387
Net cash provided by (used in) investing
activities 344,000 (121,763) 473,630 (344,000)351,867
Cash flows from financing:
Repayments of commercial paper — (664,167) — — (664,167)
Proceeds from commercial paper — 664,167 — — 664,167
Repayments of other borrowings — (25,000) — — (25,000)
Customer banking deposits, net — (25,298) — (793) (26,091)
Dividends paid (208,801) — — — (208,801)
Repurchase of common stock (180,592) — — — (180,592)
Proceeds from stock options 12,275 — — — 12,275
Net intercompany advances — 55,721 (399,721) 344,000 —
Other, net 72 105 (17,030) — (16,853)
Net cash provided by (used in) financing
activities (377,046) 5,528 (416,751) 343,207 (445,062)
Effects of exchange rates on cash — — (2,364) — (2,364)
Net increase (decrease) in cash — (101,091) 368,374 (793)266,490
Cash – beginning of the year — 616,238 1,061,656 (50)1,677,844
Cash – end of the year $ — $ 515,147 $ 1,430,030 $(843) $ 1,944,334